Just a Quickie

Bought to close my short 4650 calls -sold for 33.5 bought back at 25.
Reason for this? Wasn't comfortable with the trade, and I think the market will go higher because everyone's telling it to.
Latest bit of the jigsaw is the Coppock indicator which may well prove a self fulfilling prophecy.
I'm nervous about shorts after the FT proclaimed there was almost twice as much cash sitting in funds as there would normally be at the bottom of a bear market.
Everyone says the US will lead the world out of recession, and so far very little of the TARP money has been used, we are told.
Looks like the markets are stronger than the real economy suggests.
I fully expected today to be an up day and with 90 minutes remaining that may be the case.
Yesterday may have been skewed by the European public holidays also.
Note: FTSE has been above the 200 Ma on weekly and daily charts for a while, the US has yet to catch up- that will probably happen.